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Capital Realm Financial Enters MoU for Cooperation With Real Estate Firm
Capital Realm Financial Holdings Group Buys 21.875% Stake in Investment Holding Company
Capital Realm and Xinghua Jingfa have signed a memorandum of understanding on strategic cooperation.
Capital realm (00204) announced that on July 31, 2024, it signed a memorandum of understanding with its partner (Xinghua City Economic Development Co., Ltd.), according to which the company and its partner intend to cooperate (including but not limited to) industrial planning and recommending potential projects, improving professional capabilities and making good use of international resources, in order to achieve diversified development. Except for some articles on confidentiality and statements, the memorandum of understanding has no legal binding force on the company and its partner. Considering the experience of the company and its partner mainly in the china real estate industry, the directors believe that strategic cooperation may be in line with the group's long-term development goals and business development strategy.
Capital realm plans to acquire 21.875% equity of Global M&A and Listing Alliance Limited for HKD 70 million.
Capital realm (00204) announced that on July 31, 2024, the company entered into an agreement with Guosen to acquire 21.875% of the issued shares of Global M&A Network Limited at a price of HKD 70 million through the issuance and allotment of approximately 1.49 billion Guosen consideration shares for settlement. After the restructuring of Guosen is completed, the Guosen seller will hold 100% equity interest of the Guosen target company, and the Guosen target company will indirectly hold 32% equity interest of the Guosen operating company through its wholly-owned subsidiary. After the Guosen agreement is completed, the
Capital Realm Bolsters Portfolio With New Acquisition
Capital Realm (00204.HK) plans to acquire a 21.875% stake in the Global Mergers and Acquisitions Listed Alliance for HKD 70 million.
Capital Realm (00204.HK) announced on July 31st that the company has entered into an agreement with Guosen Seller to acquire 21.875% of the equity of Global Merger and Acquisition Securities Association Limited for HKD 70 million on July 31st, 2024, and will settle through the issuance and distribution of Guosen's price shares. Guosen's price shares will be issued and distributed at a price of HKD 0.47 per share, a discount of approximately 9.62% from the closing price of HKD 0.52 per share announced on the Stock Exchange on the date of the Guosen Agreement. The acquisition must be approved by the (including) shareholders' special general meeting by way of a resolution.
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